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November 9, 2022, 2:15 AM

Top News

Changpeng Zhao / @cz_binance:
Binance CEO Changpeng Zhao says the company signed a non-binding letter of intent to acquire FTX.com and help cover its liquidity crunch, pending due diligence  —  This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
More: Semafor, CoinDesk, coinbase.com, New York Times, Bloomberg, CoinDesk, Financial Times, Ed Zitron's Where's Your Ed At, Decrypt, The Block, Wall Street Journal, CNBC, The Economic Times, Forbes, Inside Bitcoins, Coinpedia Fintech News, TrackRecord Daily, The Crypto Library …, Crypto Adventure, Forkast, CoinGape, Cryptonews, Fintech Wrap Up, Cointelegraph, TechCrunch, BetaKit, Watcher Guru, Neowin, The Information, Mashable, CryptoSlate, NewsBTC, Blockworks, Bitcoin News, CryptoGlobe, and Tech in Asia
Tweets: @sbf_ftx, @cz_binance, @shaanvp, @cz_binance, @sbf_ftx, @wassielawyer, @ericnewcomer, @sbf_ftx, @thestalwart, @sbf_ftx, @lizrhoffman, @fintwit_news, @danprimack, @arthur_0x, @sbf_ftx, @robinwigg, @ftx_official, @chrisfralic, @hsakatrades, @danprimack, @sbf_ftx, @lizrhoffman, @tuurdemeester, @robinwigg, @carnage4life, @hodlkryptonite, @cryptohayes, @technology, @lizrhoffman, @algodtrading, @spreekaway, @marketsmeowmeow, @hodlkryptonite, @cobie, @cobie, @patrickmcgee_, @tier10k, @autismcapital, @evan_lorenz, @stackhodler, @elliotrades, @asvanevik, @cryptoharry_, @bondhack, @coffeebreak_yt, @odell, @lex_node, @stoolpresidente, @matthewstoller, @bongcapital, @biancoresearch, @arpitrage, @matthewstoller, @peter_tl, @fintechfrank, @byzgeneral, @paul_griffiths, @shaanvp, @buccocapital, @cobie, @tomgara, @tracyalloway, @iamdcinvestor, @cryptodonalt, @tensaicapital, @cz_binance, @nope_its_lily, @219_eth, @jaypinho, @thinkingusd, @alistairmilne, @tylercowen, @claritytoast, @johnedeaton1, @lessin, @crypto_bitlord7, @nkulw, @mayazi, @adamscochran, @pitdesi, @erickschonfeld, @cz_binance, @ericnewcomer, @fiskantes, @jvillalobos, @abetrade, @dogetoshi, @zerohedge, @to, @aeyakovenko, @silvermanjacob, @thestalwart, @lhm1, @evgenygaevoy, @0xopaque, @ericnewcomer, @hsakatrades, @dylanleclair_, @buccocapital, @saylor, @haralabob, @canteringclark, @elliotrades, @croesus_btc, @cryptocapo_, @autismcapital, @kadhim, @hodlkryptonite, @alexhern, @marionawfal, @mike_taylor1972, @epro, @felixsalmon, @benedictevans, and @bondhack
Tanaya Macheel / CNBC:
Coin Metrics: on November 8, bitcoin fell 12.6% to $18,203 and briefly hit $17,300.80, its lowest level since November 2020; ether dropped 18.2% to $1,311.50  —  FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
Angus Berwick / Reuters:
In a message to staff, FTX CEO Sam Bankman-Fried says withdrawals on FTX.com are “effectively paused” after FTX saw ~$6B of net withdrawals in 72 hours  —  Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours before Tuesday morning, according to a message …
Daniel Kuhn / CoinDesk:
How Binance exacerbated a bank run on FTX before offering to acquire the company, and why the potential deal represents a meteoric fall for Sam Bankman-Fried  —  Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown.  —  By Daniel KuhnLayer 2
Sam Reynolds / CoinDesk:
Jay Peters / The Verge:
Twitter plans to label select accounts “Official” when the new Blue launches; not all previously verified accounts will get the label, which won't be for sale  —  Twitter is rolling out another type of check mark to help distinguish accounts that users actually need to know are real.
Wall Street Journal:
Sources: Mark Zuckerberg told Meta staff that layoffs begin on November 9, he is accountable for missteps, and his overoptimism about growth led to overstaffing  —  Meta Platforms Inc. will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday.
Stephanie Bodoni / Bloomberg:
The European Commission opens an in-depth investigation into Microsoft's proposed $69B Activision Blizzard acquisition and sets a March 23 decision deadline  —  Microsoft Corp.'s proposed $69 billion takeover of games developer Activision Blizzard Inc. faces an in-depth European Union probe …
Lauren Forristal / TechCrunch:
Disney hit 235.7M global streaming subscribers in its Q4, above Netflix's 223.1M in its Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M  —  Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers …
James Batchelor / GamesIndustry.biz:
Nintendo announces a new joint venture, called Nintendo Systems, with DeNA, which co-developed several Nintendo titles for mobile, including Fire Emblem Heroes  —  New subsidiary will open in April 2023, focusing on research and development to improve Nintendo's digital business  —  At a glance
Lawrence Abrams / BleepingComputer:
Microsoft releases 68 security fixes, including patches for six actively exploited Windows zero-day flaws and 11 vulnerabilities classified as Critical  —  Today is Microsoft's November 2022 Patch Tuesday, and with it comes fixes for six actively exploited Windows vulnerabilities and a total of 68 flaws.
Sydney Morning Herald:
Australia's top health insurer Medibank confirms a ransomware group began posting stolen data of its 9.7M current and former customers on a REvil dark web forum  —  Normal text sizeLarger text sizeVery large text size  —  A ransomware group has begun posting customer data stolen …
Ingrid Lunden / TechCrunch:
NYC-based Laika, which offers companies an automated security compliance service, raised a $50M Series C led by Fin Capital, bringing its total funding to $98M  —  Compliance with privacy and security frameworks like SOC 2, HIPAA and GDPR has become a central component not just of how …
More: FinSMEs
Zoya Mateen / BBC:
A profile of Andreessen Horowitz's Sriram Krishnan, a former Twitter executive who is helping Elon Musk run Twitter and is reportedly part of his “inner circle”  —  Twitter's new owner Elon Musk has whipped up a storm after he sacked thousands of employees last week.

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Kollen Post / The Block:

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